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"Sterling was outperforming the euro as a function of the move in euro/dollar but the better than expected UK GDP data increased the propensity of sterling to do better than the euro," said Jane Foley, senior currency strategist at Rabobank. The fact that consumption remains strong suggests that there is no real risk of the Bank of England having to cut interest...

Kit Juckes, global head of foreign exchange strategy at Societe Generale, says the European recovery is beginning to "top out at a miserably low rate", raising doubts long-term growth forecasts can be achieved.

James Knightley, U.K. economist at ING Wholesale Banking, says U.K. employment and investment spending will pick up as services grow strongly and that GDP will be stronger than in most developed countries.

Kevin Adams, head of institutional fixed income at Henderson Global Investors, says growth in Spain in being led by exports despite "internal deflation" working but that it's not enough to create jobs.

Martin McMahon, economist at Commonwealth Bank of Australia, looks at the latest U.K. GDP figures data and cautions that while household spending is rising, an uptick in business investments is "still a fair way off".

The sequester and brinkmanship is getting in the way of creating stronger private sector jobs growth, says Jason Furman, Council of Economic Advisers chairman, sharing his thoughts on this morning's employment numbers for September.